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Case-Shiller home-price index slows, but rising mortgage rates could speed it up again

Housing Wire

According to Bright MLS, it’s the slowest annual gain in 2024 thus far and the first monthly decline since December 2022. Despite the Federal Reserve’s half-point interest rate cut in September, rates for 30-year conforming loans have climbed back up to 6.7%, according to HousingWire ’s Mortgage Rates Center. gain from July.

Mortgages 485
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ICE strikes multiyear deal with MLS-owned REdistribute 

Housing Wire

Intercontinental Exchange (ICE) announced a multiyear licensing agreement with REdistribute for permissioned access to multiple listing services (MLS) information. Launched in 2022 by BrightMLS and California Regional MLS , REdistribute is an MLS-owned company that includes licensed data from more than 40 MLSs.

MLS 435
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Announcing the 2025 Finance Leaders

Housing Wire

Name Job Title Company Name Alejandro Franco Vice President of Finance and Controller Cairn Real Estate Holdings Allyson Jackson Executive Vice President Finance and Treasury Planet Home Lending Amit Arora Chief Investment Officer Opendoor Andrey Gunin Chief Financial Officer A&D Mortgage Bill Warden Chief Financial Officer Dark Matter Brandon (..)

Finance 382
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FHA updates loss-mitigation waterfall in new mortgage servicing guidance

Housing Wire

The ML also adds guardrails to mitigate the risk of redefault and ensure that borrowers receive the most appropriate loss mitigation option. The ML also adds guardrails to mitigate the risk of redefault and ensure that borrowers receive the most appropriate loss mitigation option.

Mortgages 367
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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

It explicitly allows for such offers to be made off-MLS, however. If sellers cannot notify buyers about offers off-MLS, many buyers will not have the information they need to determine whether a home purchase is financially feasible. Rolling the fees into the mortgage” leaves the buyer with a higher interest rate.

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Portrait of a pre-foreclosure peacemaker

Housing Wire

But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

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Pending home sales rise again as buyers capitalize on more inventory

Housing Wire

According to HousingWire ‘s Mortgage Rates Center , current rates for 15-year and 30-year conforming loan types are hovering slightly above 7%. ” In a statement, Bright MLS chief economist Lisa Sturtevant forecasted a jump in sales activity in early 2025. The South led the way with a PHSI reading of 94.5 in November up 5.2%

Sales 435